Donald Trump's message was due to fall during a conversation with the bosses of the “great three” of Detroit (Ford, GM and Stellantis) in early March, before introducing duties to Canada and Mexico.
"Trump said (to the heads of these companies) that the White home would be unfavorable for specified (if any) movement. Some of them were shocked and worried that they would be punished if prices were raised“,” wrote the “Wall Street Journal”, citing in-depth sources.
One of the directors was going to say that the introduction of fresh customs by the American administration would cost car companies "many billions of dollars". - So who's to pay for it? “ He asked the outraged 1 in a conversation with the newspaper.
Car prices in the U.S. will go up?
However, as a consequence of that conversation, Trump delayed by a period the entry into force of customs duties on cars and parts from Mexico and Canada, which are the largest suppliers of imported cars and parts. The White home suggested that This exception will be maintained ‘for now’, although 25% of the taxation will be charged to vehicles and parts from all another countries.
Nevertheless, companies in the manufacture and analysts foresee a crucial effect of tariffs. As experts Morgan Stanley assessed in the Communication, car prices in the USA can increase by about 11-12 percent., although this will be felt most likely in May erstwhile the dealerships run out of stock of vehicles.
About half of the U.S. cars are imported from abroad, most from Mexico, Japan and South Korea. Among the largest European suppliers are Germany, the UK, Italy and Slovakia. Poland is simply a crucial supplier of car parts. The value of exports of parts and accessories to the US amounted to over $300 million in 2024.
